GB Group Ord Shs GBGPF

No Tender CMED

[moneytunes]

hi all... :-) Question for PROtrading and MartialArts... and anyone else who would like to comment...
Can anyone confirm that if you DO NOT tender your shares that one will still get the 3.4 ACB shares? I tendered all my shares but thinking of untendering some first thing tomorrow. There seems to be some thinking that CMED share price may shoot up in the couple of days it will take for the shares to be taken up?... And also some comments about there being more than one take up session or date? Thanks: :-)

[GarlicToast]

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[TheSim123]

I tendered 50% of my shares for 3.4 x ACB, 25% for cash and kept 25% in CMED. I might sell the CMED if the price shoots up or wait to get the 3.4 x ACB with those shares.

[longonMJ]

GT:  I don't quite follow your line of thinking here. Especially the part about Aurora being able to save some cash since CMED's shares will most likely stay around the $38 - $40 range instead of going past $43.  In fact, the only way Aurora would have save their cash is if their own share price had gone past $12.65 (i.e. equivalent to CMED surpassing $43)  since this then

[holdandhope]

Spoke with LaurenHill firm last week.  They indicated to me that the 'default' action was the ~2.9 shares and cash option.  If the 140 million is exceeded, i assume the default would then be the 3.4 aurora shares.

[MartialArts]

If you do not tender your shares, you miss the "Improved Offer Take Up Date" which is tomorrow, unless extended which I can't see Aurora doing.  Keep in mind the cutoffs are before tomorrow depending on your brokerage. And if you don't tender you STAY with CMED shares until Aurora declared a "Subsequent Take up Date" or "Compulsary Take Up Date". 

[holdandhope]

Thanks for the info.  TD cutoff to tender shares apparantly was 12noon today (march 8th)

[moneytunes]

thank you MartialArts and all... ended up leaving my shares tendered - some for all shares and some for the cash, we shall see what percentage that turns out to be but it's all good. I am far too green to navigate the risk of a second take up offer. I'll leave that to The Savvy investor and Adrenaline Junkies haha So where's the party moving to after CMed is busted?! perhaps to house

[MartialArts]

Party has started at NINE. BYOW: Pro, Brento1 and others have already moved it seems? I should have many stayed quiet a bit since I wasn't fully in but added some under $2 so I'm happy. Charts look good and if the financial press spends more time on the Canopy partnership and the substantial credibility Delta 9 has compared to the other 3 licensed retails in Manitoba (capped at 4), we

[moneytunes]

OK sounds good. Dont start the party without me! Starts at NINE but Im fashionably late! :)

[Brento1]

Yeah PRO started the party early with some public flirting with Princess Nine even before Princess CMED was out the door. No wonder Princess CMED threw a hissy fit yesterday!

[Skinner70]

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[StrongLong]

Why would the shares shoot up? Only if ACB shares pop up accordingly. ACB needs to break $12.65 for CMED shares to go over $43.00 I think that's unlikely to happen until the dust settles and there will probably be some sell off of ACB shares as people who joined the CMED ride for takeover cash out. I wouldn't be surprised to see shares go down in the short term.

[longonMJ]

Bang on....exactly my line of thinking also. With the way the share prices had been going, it should have been a no-brainer for most investors to have gone for the all-cash option.  Now, if the share prices had continue to move up on Wednesday, similar to how strongly they moved up on Monday and Tuesday, this would have been a different story.  In light of the share prices though, the

[moneytunes]

sounds reasonable. I will be curious to know what the mandatory and final offer will be for the merger for those who choose to hold out with their CMED Shares in their pocket

[PROtrading]

Easy!  3.4 ACB shares!   The only question is the execution!

[longonMJ]

Unless they were not aware of this takeover merger, I am not sure why anybody would hold out their CMED shares instead of tendering them. Especially when I am not even sure if they would be valid for trading after the March 9th expiry date for tendering.  Even if they were tradeable, would investors pay a premium for security that now has a degree of uncertainty and possible non-liquidity

[holdandhope]

Ya.. I’m pretty pi$$ed that my greenhorn ways trusted the words of the laurel hill rep. I called them before returning to work and was happy with the “default” explanation i was given...  i called the TD brokerage yesterday at 3pm atlantic time; looking to confirm this notion.  I called believing that the deadline wasn’t until later tonight, reality set in after reading MartialArts post

[PROtrading]

Guys!  It all depends if you are short term or long term.  ACB is a MARKET MONSTER and they have the most wicked Canaclowns working for them and making a FORTUNE off fees and "undertaking" market corps. ACB WILL BLOW UP!!!!  Like VALEANT and Cordodia Healthcare.  That's why buddy Brent wanted NOTHING to do with them until they took him to a locked room and beat